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ECONOMYNEXT – Five Indian firms are among six bidders prequalified for the Request for Proposal (RFP) stage, the State-Owned Enterprises Restructuring Unit (SOERU) said on Wednesday.

The SOERU called for expressions of interest in October last year from investors to divest Canwill Holdings, which owns almost a completed building for a hotel in the capital Colombo.

The SOERU in a statement said the EOI received were evaluated in accordance with the terms and conditions set out in the Request for Expressions of Interest in compliance with the Special Guidelines on Divestiture of State-Owned Enterprises approved by the Cabinet of Ministers in July 2023.

After evaluation, the Cabinet Appointed Special Project Committee (SPC) and the Special Cabinet Appointed Negotiating Committee (SpCANC) have prequalified six bidders, it said.

The six bidders are:
1. RKG Fund 1-Scheme of RKG Trust (India)
2. Gland Celsus Bio Chemicals Private Limited (India)
3. DB Realty Limited (India)
4. Jindal Films India Limited (India)
5. Bright Star Investment Limited (India)
6. Consulting Engineers and Contractors (Pvt) (Ltd) and K.D.A. Weerasinghe &  Co. (Pvt) Ltd (Sri Lanka)

The 47-story building, built by Sinolanka Hotels & Spa Pvt Ltd, has 458 rooms and 100 serviced apartments, built to specifications of Hyatt hotels with which the firm entered into an agreement in 2012, the notice said.
Canwill Holdings also owns Helanco Hotels & Spa Pvt Ltd, which has leased 9.42 acres of beachfront land in Hambantota.
Deloitte is the transaction advisor. (Colombo/Feb 07/2024)

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